Shutterbug Cameras

Worksheet
For the Year Ended August 31, 2010
ACCT
NO.
101
115
125
130
135
140
145
201
207
210
211
212
213
215
216
217
219
301
305
310
401
405
410
501
505
510
515
601
605
620
630
640
645
647
650
655
660
670

ACCOUNT NAME
Cash in Bank
Accts. Receivable
Merchandise Inventory
Supplies
Prepaid Insurance
Store Equipment
Office Equipment
Accounts Payable
Federal Corporate Income Tax Payable
Employees' Federal Income Tax Payable
Employees' State Income Tax Payable
Social Security Tax Payable
Medicare Tax Payable
Sales Tax Payable
Federal Unemployment Tax Payable
State Unemployement Tax Payable
US Savings Bonds Payable
Capital Stock
Retained Earnings
Income Summary
Sales
Sales Discounts
Sales Returns and Allowances
Purchases
Transportation In
Purchases Discounts
Purchases Returns and Allowances
Advertising Expense
Bankcard Fees Expense
Federal Corporate Inocme Tax Expense
Insurance Expense
Maintenance Expense
Miscellaneous Expense
Payroll Tax Expense
Rent Expense
Salaries Expense
Supplies Expense
Utilities Expense

TRIAL BALANCE
DEBIT
CREDIT
15,387
2,852
49,205
3,027
1,680
19,437
29,504
13,339

3,536
2,408
700

155
632
117
472
108
2,931
77
315
150
50,000
25,425
3,536
144,945
203
1,381
79,310
1,192
1,292
576
3,151
288
2,480

155
700

1,381
3,772
1,219
10,350
11,965
2,408
2,595
240,379

Net Income

ADJUSTMENTS
DEBIT
CREDIT

240,379

6,799

6,799

ADJUSTED TRIAL BALANCE

DEBIT
CREDIT
15,387
2,852
45,669
619
980
19,437
29,504
13,339
155
632
117
472
108
2,931
77
315
150
50,000
25,425
3,536
144,945
203
1,381
79,310
1,192
1,292
576
3,151
288
2,635
700
1,381
3,772
1,219
10,350
11,965
2,408
2,595
240,534

240,534

INCOME STATEMENT
DEBIT
CREDIT

BALANCE SHEET
DEBIT
CREDIT
15,387
2,852
45,669
619
980
19,437
29,504
13,339
155
632
117
472
108
2,931
77
315
150
50,000
25,425

3,536
144,945
203
1,381
79,310
1,192
1,292
576
3,151
288
2,635
700
1,381
3,772
1,219
10,350
11,965
2,408
2,595
126,086

146,813
20,727
146,813

114,448
114,448

93,721
20,727
114,448

GENERAL JOURNAL
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Date
Transaction
1-May Jack Hines invested $50,000 in the business, Memo 1.
The owner, Jack Hines, invested a desktop computer and printer
2-May (Office Equipment) worth $3,500, Memo 2.
2-May Issued Check 101 for $125 for the purchase of office supplies.
Bought office furniture for $2,700 on account from Office Systems,
Invoice 457.
Bought a Web Server from Computer Specialists Inc. on account
for $35,000, Invoice WS 972.
Received $1,500 from James Mason for Web site services